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re: Strategic Approach with Selling Individual Stocks?
Posted on 6/28/24 at 10:08 am to Bestbank Tiger
Posted on 6/28/24 at 10:08 am to Bestbank Tiger
Thanks! This is really helpful!
1
Posted on 6/28/24 at 10:59 am to BrentED
Honestly, the best strategy ive had that works is have a group of companies that i really like, have some dry powder, and once those companies that i like long-term have a really bad day, the market overreacts and I drop some money and wait. for the most part, this has been an effective strategy. these are typically s&p type companies that are stable and proven.
Posted on 6/28/24 at 12:55 pm to BrentED
You have to price the stock before you buy it.
Read the financials, come up with a valuation method (you can Google some), and come up with a fair value for the stock. If the stock is below your fair value, buy. If it’s above sell.
Obviously takes time and effort and you could still be wrong but it is what it is.
Read the financials, come up with a valuation method (you can Google some), and come up with a fair value for the stock. If the stock is below your fair value, buy. If it’s above sell.
Obviously takes time and effort and you could still be wrong but it is what it is.
Posted on 6/28/24 at 1:12 pm to BrentED
quote:
Does anyone have any pointers/strategies for doing so, or resources I should be considering to better educate myself in trading periodically? Unlike my retirement account, I know with individual stocks, I should be a bit more active in the management. Also, when I realize some of these gains by selling, what resources would you recommend in terms of educating myself on the tax ramifications if I’m still just reinvesting them in this E*Trade account.
Put in stop losses on the downside and limits on the upside.
Maybe put the losses on you cost basis, put the limits on where you sell.
Let it ride until one of them kicks in,.
Posted on 8/20/24 at 5:59 pm to BrentED
Look into trailing stops and then have that be an indicator if you should sell. You can even use an individual stocks Beta to adjust for violatility. Something like this would let your winners run but get you out of stocks that are tanking so you don’t have a “too cheap to sell now” story.
Posted on 8/20/24 at 9:27 pm to BrentED
Find a certain percentage you'll be happy with and sell it at that rate. Say you are happy if it makes 20% then sell it when it goes to 20% and not worry if it doubles.
Another trick is if the stock at least doubles, then sell half. Basically pulling out your initial investment and leaving the gravy. If the stock crashes you only lost the gravy.
As I got older I'm into divy stocks.
Another trick is if the stock at least doubles, then sell half. Basically pulling out your initial investment and leaving the gravy. If the stock crashes you only lost the gravy.
As I got older I'm into divy stocks.
Posted on 8/21/24 at 2:26 pm to BrentED
Sell winners at 366 days, sell losers at 364
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